3 ms·
> If you pay a software engineer, that's not "really" an "expense", regardless of the fact that you paid them. If I pay for ... pretty much anything whatsoever
by kazinator 1y ago
> If you pay a software engineer, that's not "really" an "expense", regardless of the fact that you paid them.
If I pay for ... pretty much anything whatsoever ... I cannot write it off my personal income tax here in Canada. Not housing, not food. Medical expenses will come off the bottom not off the top.
- abrichr 1y agoCorporate income taxes are treated differently than personal income taxes. You absolutely can deduct corporate expenses in Canada.
- kazinator 1y agoI didn't mention Canada in order to nonsensically compare corporate taxes in the USA versus personal income tax in Canada, but because it's a good idea to mention where you are if you're writing about taxes. Yes, corps get all kinds of tax breaks, whereas individuals don't.
- MattRix 1y agoAs a Canadian I still don’t understand what the point of your original comment was. We already know this thread is about a US rule.